A device is disclosed for supplying swageable collars from a magazine to a swaging tool such that the collars may be affixed to the shanks of lockbolts in a series of application steps. The feeder device can be mounted on the nose assembly of a swaging tool so that collar feeding and swaging can be accomplished in a single-handed operation. The feeder device responds to contact pressure against a work surface during a collar placement maneuver to release a collar from a presentation position for normal swaging. Releasing pressure on the workpiece allows a lower assembly of the feeder device to lift the next collar available from a magazine into the presentation position for application to the next lockbolt shank in a series of lockbolts to be finished.